Louis Yang, a co-founder of a video app that was acquired by TikTok owner ByteDance in 2017, has recently left ByteDance. His departure, first reported by Chinese tech blog LatePost, comes after a business he oversaw at ByteDance faced a major setback last year due in part to the Chinese government’s regulatory crackdown. As of last year, Yang was leading a team that developed a smart desk...
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The Briefing startups uber/lyft
Oscar Health’s New CEO Has a Tough Job—but Lyft’s New CEO Has It Worse
Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscar’s long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low base—the stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,...
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